"13 August 2010" Archive - Page 2

92 officials under Central Vigilance Commission scanner for alleged involvement in corruption

The highest number of 21 officials belong to the Central Board of Excise and Customs followed by 13 from the Ministry of Railways, ten each from the Municipal Corporation of Delhi and Northern Coalfields Ltd, the CVC said in its performance report for June....

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Posted Under: Finance |

Branches of Bank of Rajasthan Ltd. to be Branches of ICICI Bank Ltd. from August 13

All branches of Bank of Rajasthan Ltd. will function as branches of ICICI Bank Ltd. with effect from August 13, 2010. This is consequent upon the Reserve Bank of India sanctioning the Scheme of Amalgamation of Bank of Rajasthan Ltd. with ICICI Bank Ltd....

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Posted Under: Finance |

DTC and changes proposed in wealth tax Provisions

Currently, under the provisions of the Wealth Tax Act, 1957 (WT Act), a tax payer, including an individual, a Hindu undivided family (HUF) or a company is liable to pay wealth tax at the rate of 1% on the amount exceeding a net wealth of Rs 30 lakh....

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Posted Under: Finance |

Property Sales at its low in and around Mumbai

A staggering 96.3 million square feet of residential space — or about 80,000 homes — is lying unsold in the Mumbai Metropolitan Region (MMR), the highest-ever inventory pile-up for the area. Sales are down 38% over last year....

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Posted Under: Finance |

India may 10 per cent import duty on power equipment for big projects

India will impose a 10 per cent import tax on power equipment for big projects within weeks to help level the playing field between domestic and foreign firms jostling in what may soon be the world's biggest market. The tax would reverse a policy of zero import duty on equipment for mega projects introduced to meet India's urgent capacity...

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Posted Under: Finance |

Lok Sabha passes bill to promote and regulate foreign trade

The Lok Sabha on Thursday passed a bill aimed at promoting foreign trade and enabling the government to take swift action in trade disputes. The bill, which was passed by the Rajya Sabha on Aug 9, makes changes in the Foreign Trade (Development and Regulation) Act, 1992. Minister of Commerce and Industry Anand Sharma said the government w...

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Posted Under: Finance |

Government taking measures to make Hindi one of the official languages of the United Nation

The Government has been taking active measures to make Hindi one of the official languages of the United Nations. A high level Committee under the Chairmanship of the External Affairs Minister was constituted on 26 February 2003. This was followed by a sub-Committee set up under the Chairmanship of the Minister of State for External Affai...

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Posted Under: Finance |

Cases Pending Before the Company Law Board

The Government has informed the Lok Sabha that as on 31.7.2010, a total number of 2,688 cases are pending before Company Law Board. Giving this information in written reply to a question in the Lok Sabha today, Shri Salman Khurshid, Minister of Corporate Affairs, said that there has been no delay attributable to the Company Law Board in e...

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Posted Under: Finance |

Professional Competence Examination – November 2010 Application Form

Serial No 12 (b) of Form A (OMR Sheet) of the Professional Competence Examination – November 2010 Application Form requires CPT passing details and the students are required to fill up their roll number in that column. The relevant portion of the form contains 5 boxes whereas there is a possibility that some of the students’ roll numb...

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Availability of Physical Application Forms for Chartered Accountants November-2010 Examinations

Availability of Physical Application Forms for Chartered Accountants November-2010 Examinations. Due to unavoidable difficulties in dispatching, there have been instances of shortage at certain decentralized offices and / or branches of ICAI in the availability of the physical application forms for the Chartered Accountants November-2010 ...

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